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Dec 2, 2012
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it's the largest tax increase in american history. what i think we can do, and what would make the most sense since both sides seem to be dug in, let's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a good job if they are on a deadline or rush timetable. you know, we got obamacare because of that. that is going to prove a mess. we have gotten all kind of tax deals where things never really materialize. you know, ronald reagan had such a deal at the last minute in 1982, and out of every 100 cents of spending restraint he only got 75 cents because the deal was written so badly went need to take the time on this and not view december 31 as arbitrary deadline. >> jamie: it would be great if we did things in steps. i thought about this with the i
it's the largest tax increase in american history. what i think we can do, and what would make the most sense since both sides seem to be dug in, let's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a...
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Nov 28, 2012
11/12
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friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run states. >>> good information there, diane. >>> thank you so much. 15 minutes before the hour. that's the rundown. if your mom is nagging you about getting married we determine if that mom of yours is normal or nuts. sometimes it is easy to spot a liar. >> it is a bit extreme. >> that's the thing nowadays. >> he said he would accent my facial features. >> it does. it accents your facial features. >> they say practice makes perfect especially when it comes to telling tall tales. speaking of that let's check in with bria
friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run...
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Dec 1, 2012
12/12
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KRON
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contra costa fire district rejected measure q, which would have provided a temporary, seven-year parcel tax to fund the stations. the stations were chosen based on call volume and how close they are to other stations. new at 11... >> thousands of dollars worth of playstation 3s stolen from amazon dot com. thieves took the video game consoles from a new amazon distribution center in tennessee. detectives say the crooks made their way behind the center and breached the security seal on a cargo trailer, and cleaned it out. officials believe the crooks had help from the inside because they knew exactly which truck held the valuable game systems. police plan to monitor online auctions and trace any items sold by the serial numbers. >> hostess bakery.. the maker of twinkies - got the green light from a judge today.. to give its top executives... up to one -point -eight million dollars in bonuses. the company is winding down its operations after filing for bankruptcy .. its bakers union went on strike.. in earlier negotiations, the union had already taken pay cuts to help the company.. now hostess
contra costa fire district rejected measure q, which would have provided a temporary, seven-year parcel tax to fund the stations. the stations were chosen based on call volume and how close they are to other stations. new at 11... >> thousands of dollars worth of playstation 3s stolen from amazon dot com. thieves took the video game consoles from a new amazon distribution center in tennessee. detectives say the crooks made their way behind the center and breached the security seal on a...
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Nov 29, 2012
11/12
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so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere near optimistic. >>
so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >>...
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Dec 1, 2012
12/12
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KPIX
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that is their tax bill after they hit the lottery jackpot. mark and cindy hill claimed their share of the record $588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses and i was thinking "is that the right numbers, is that the right numbers?" and i was shaking and i called my husband and i said "i think i'm having a heart attack." >> pelley: the hills take home $135 million after taxes. mark hill, a mechanic, is quitting his job. >> i talked to my boss over the phone. he didn't belief me. later he called back and said "really?" i said "yup, really." >> pelley: there was one other winning ticket purchased outside phoenix but we don't know who the owner is yet. the fledgling egyptian democracy just got its first draft constitu
that is their tax bill after they hit the lottery jackpot. mark and cindy hill claimed their share of the record $588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses...
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Dec 4, 2012
12/12
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and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white house said this was not enough detail but they say in the republican side it would be from limiting deductions and republican leader said this. >> republicans have move add great deal. who was the fi
and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal...
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we enjoyed a 2% cut in payroll taxes. that will disappear. and the government will start cutting, $500 billion in spending, half at the pentagon and the other half from federal spending for education, transportation and food safety and research. all of that could send all of us back into recession. where do the talks stand? boehner says they are nowhere. and the speaker has a description for the president's negotiation style. he says it's roll over and do what i say. not a good sign with 30 days until the cliff. >> david, thank you. >>> now to a surveillance tape causing real concern this evening. and the race against time for an 11-year-old girl suffering from leukemia. her parents caught on tape, appearing to sneak her out of a hospital in phoenix. doctors the fear her life is at risk and the search is on. >> reporter: these are the last images captured on a surveillance camera of an 11-year-old cancer patient moments before her mother snuck her out of the hospital without doctors knowing. officials say her life could be in danger. the fbi
we enjoyed a 2% cut in payroll taxes. that will disappear. and the government will start cutting, $500 billion in spending, half at the pentagon and the other half from federal spending for education, transportation and food safety and research. all of that could send all of us back into recession. where do the talks stand? boehner says they are nowhere. and the speaker has a description for the president's negotiation style. he says it's roll over and do what i say. not a good sign with 30...
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Dec 3, 2012
12/12
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that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block the deal because they want to extend tax cuts. we can't afford for the wealthiest 2% of americans. >> reporter: john boehner dug in. no rate rises on anyone. >> the president's idea of a negotiation is roll over and do what i ask. >> reporter: the opening bid brought the gop leaders by geithner is a nonstarter. >> i was flabbergasted. i looked at him and said, you can't be serious. >> reporter: included in the offer, $1.6 trillion in new revenue, twice what was on the table in last year's failed grand bargain, and $600 billion in spending cuts, much of it from med
that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block the...
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Dec 2, 2012
12/12
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the revenue proposals are $1.6 trillion in revenue and tax increases. it's a massive tax increase. but also not significant and meaningful in entitlement reforms. >> so, anna, i hear comments like those and remarks by john boehner and the president of the united states and i wonder after the election, did we learn anything? because i -- my reading on the election was that the people, the voters wanted compromise. and for the people in washington to talk to each other not at each other. that still appears to be what they're doing, no? >> i think right after the election that was the message that even president obama and john boehner and the entire leadership, we saw that incredible image of the minority and majority leaders on both houses come out saying things that sounded like they were going to cooperate. but, you know, only in washington can that mean nothing quickly. but i do think, look, let's put this in perspective. we have a game of chicken going on here with a lot of posturing. there's 30 days to get this done, which for washington time it's like dog years. it's an eternit
the revenue proposals are $1.6 trillion in revenue and tax increases. it's a massive tax increase. but also not significant and meaningful in entitlement reforms. >> so, anna, i hear comments like those and remarks by john boehner and the president of the united states and i wonder after the election, did we learn anything? because i -- my reading on the election was that the people, the voters wanted compromise. and for the people in washington to talk to each other not at each other....
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Dec 4, 2012
12/12
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too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on raising those taxes on the wealthiest 2% of americans. and that is why democrats aren't budging. >> we're glad to finally see republicans joining in the negotiating process instead of watching from the sidelines, but while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't sign such a bill, and the american people won't support it. >> so let's bring in dan lothian because he's at the white house where the president is just about now me
too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on raising those taxes on the wealthiest 2% of americans. and that is why democrats aren't budging. >> we're glad to...
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Dec 3, 2012
12/12
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the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cuts to enti
the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal...
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Dec 3, 2012
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so is it just about the taxes for the wealthy versus the spending cuts? one gop leader has another take. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> political calculation. that's south carolina's lindsey graham and joining me is white house correspondent brianna keilar. there are people talking about what that political calculation means and even that term itself is becoming political. so spell it out if you would please, brianna. >> reporter: there is a political calculation going on over here at the white house, and that's that the white house and congressional democrats feel that they have more of the leverage and they do. they feel like when you look at polls that show increasing taxes on the wealthy is popular, that if the country were to go over the fiscal cliff, they would be more effective in blaming it on republicans than vice versa. they feel like republicans know that. and they feel like they can kind of paint republicans in to this corner on income tax rates but as you know, as of rig
so is it just about the taxes for the wealthy versus the spending cuts? one gop leader has another take. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> political calculation. that's south carolina's lindsey graham and joining me is white house correspondent brianna keilar. there are people talking about what that political calculation means and even that term itself is becoming political. so spell it out if you would please,...
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Nov 28, 2012
11/12
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KGO
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if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from getting the post. saying she misled the public about the attack on the consulate in libya. in mee
if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit....
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Dec 2, 2012
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individual taxes. a lot of ways to skin the cat here. but the president seem determined to raise the rates. that is not going to help the economy. of it seems vindictive to me. what we ought to do is try to reform our tax code and lower rates. maybe we'd have revenue. but revenue by itself will never keep up with the spen spending. >> shannon: what about the mortgage deduction or charitable duction? there are things that come up with discussion. are they on the table? >> i think mortgage deduction is very important to the housing industry. first term home buyers and so forth. we ought to look at everything. charitable deductions fuels a lot of university and the charities. but all the things are substantive. it's a question of what does america really want. they want good economy and jobs. >> shannon: i want to ask about the other issues going on. u.n. ambassador susan rice, a feeling she is on the short list of the president potentially to nominate here for secretary of state. if it happens she has to come before you in senate. she will
individual taxes. a lot of ways to skin the cat here. but the president seem determined to raise the rates. that is not going to help the economy. of it seems vindictive to me. what we ought to do is try to reform our tax code and lower rates. maybe we'd have revenue. but revenue by itself will never keep up with the spen spending. >> shannon: what about the mortgage deduction or charitable duction? there are things that come up with discussion. are they on the table? >> i think...
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Dec 2, 2012
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there's no real reforms. $1.6 trillion in tax increases and some of the savings are tax increases. >> does that it congressman kohl is having these impure thoughts that he had categorized these thoughts. does that mean that? >> i think what tom cole brought this up in a meeting. you need to talk about a host of ideas. that's a chilling effect on members being able to express within closed doors their own ideas on this. that's the problem with that. there are a lot of strategies in terms of how we get there. i would agree with grover norquist on this. the proposal is a nonstarter with republicans and probably most people who have looked at it. we have to get closer to this. they are both very far apart and holding their ground. that's no way to settle it. >> so all this rang lg about the fiscal cliff isn't the goal. with the president asking for $50 billion in stimulus spending, do you worry they might be losing sight of that? >> the best thing for the country is to go over the fiscal cliff. it maximizing the deficit reduction. there's no deal cut between republicans and democrats. it'
there's no real reforms. $1.6 trillion in tax increases and some of the savings are tax increases. >> does that it congressman kohl is having these impure thoughts that he had categorized these thoughts. does that mean that? >> i think what tom cole brought this up in a meeting. you need to talk about a host of ideas. that's a chilling effect on members being able to express within closed doors their own ideas on this. that's the problem with that. there are a lot of strategies in...
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Dec 2, 2012
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in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do we stand at this point? >> reporter: two sides did do something today. they appeared on the sunday talk shows but they haven't negotiated an actual deal. john boehner blasted the white house plan which was put forward last week. boehner says the president essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount
in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is...
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Dec 1, 2012
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remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about financial literacy and not about how budgeting works. >> we can but i'm just trying to tell you realistically that's how people are living their lives in the united states of america in the 21st century. so we need to be real about how people are living their lives. >> you know what, one thing i do want to talk about, i'll begin with you tony on this. i'm sure you saw that photo making the rounds this week of house committee chairmen? what is that all about. they're all white males. speaker boehner now said he was indeed appointing a female chair congresswoman, candice miller. this committee is in charge of things like the house cafeteria, expense accounts, benefits packages. sounds like a token appointment to a somewhat low-level position. >> look. speaking as a white male republican, wasn't really happy to see that. i want to see more women and more represent
remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about financial literacy and not about how budgeting works. >> we can but i'm just trying to tell you realistically that's how people are living their lives in the united states of america in the 21st century. so we need to be real about how people are living their lives. >> you know what, one thing i do want...
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Dec 1, 2012
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in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats are criticizing him for demanding 150 billion in more spending. not less, including a $50 billion stimulus this next year. at a time when the focus perhaps should be on spending cuts, are those democrats right? >> well, i'm hearing many more democrats resonating with the message that the president is delivering and that message is that he ran on and got elected on the basis of more taxes for the most wealthy americans. i think that there is a real danger for republicans in not really hearing that message. i've been impressed by the number of republicans that have made positive indications that more reven
in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats...
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Dec 4, 2012
12/12
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CNNW
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this is the tax revenue, this would be the new taxes. this would be done by closing loopholes, limiting deductions, not, obviously, by increasing income tax rates for the wealthy. $600 billion in health savings. that's the entitlement reform. that's medicare cuts. cuts to other entitlements. compare this to the white house, $1.6 trillion in new taxes, so that's two times the amount in speaker boehner's counteroffer. and $400 billion in cuts to medicare and entitlements. so that's $200 billion less than speaker boehner's. also something in here that the white house has proposed as a nonstarter for house republicans was having congress give up their debt limit vote. the white house is call being speaker boehner's counteroffer not serious. they're saying there needs to be specifics. but i will tell you that democratic leadership made in a moment of i guess you could say truth, that it does pass the last test. obviously democrats don't like it but it certainly could have more things in it that they don't like. so maybe it's not, as far as a
this is the tax revenue, this would be the new taxes. this would be done by closing loopholes, limiting deductions, not, obviously, by increasing income tax rates for the wealthy. $600 billion in health savings. that's the entitlement reform. that's medicare cuts. cuts to other entitlements. compare this to the white house, $1.6 trillion in new taxes, so that's two times the amount in speaker boehner's counteroffer. and $400 billion in cuts to medicare and entitlements. so that's $200 billion...
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Nov 28, 2012
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CSPAN
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tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put it back in gear. and there are many reasons beyond just employment and the opportunities that family have -- families have to make it. one of the critical elements in all of this is to protect americans. we recently saw superstorm san joaquin smash into -- sandy smash into new jersey and new york with devastating results. loss of life, incredible loss of property, both public and private, and a very, very big cleanup bill. joining me in a little while will be some of our representatives from the state of new york. and
tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put...
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not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own protests over alleged abuses by the opposition. several tv stations in egypt going back to protest the constitution drafted by islamists. >>> new chilling surveillance video showing the moment when a barista came face-to-face with her killer. you can see 18-year-old samantha make the coffee and then raise her hands as if she's being held up. he makes her turn off the lights and climb through a window before tying her hands behind her back, chilling. the f.b.i. says he then sexually assaulted and he killed her. he's confessed
not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own...
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but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other entitlements, that's $ 00 billion less than in the speaker's counteroffer and this would force congress to give up its debt limit vote which is a nonstarter for house republicans. the white house saying that boehner counteroffer is nothing new, that it lacks specifics. but i will tell you, zoraida, that one house democratic aid telling cnn that it passed the laugh test. so certainly i guess it could have been worse in some estimations by democrats. >> i suspect some people were laughing. brianna keilar live at the white house for us, thank you. in the next
but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other...
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Dec 3, 2012
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republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held next week. that never helped happened and the clock ticks on. jenna: we have that clock right on our screen. just in case you forgot. jon: get ready for the baby. just into fox news, prince william and his wife, the former kate middleton, they are expecting. standing in a grocery line, looking at the tabloids, and one of them said she is pregnant. they may be onto something be till they beat the palace on this one. jon: here is the very official reading from the clarence house. it reads that the royal highness the duchess of cameras are very pleased to an
republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held...
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Dec 4, 2012
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but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those weapons and may be desperate enough to use them. president barack obamas told an audience at the national the fifth anniversary monday the u.suse of chemical weapons is and what it be totally unacceptable. we will take a look at whether we are back following the latest from our around the world some of the video coming in a protest in egypt continued to roll into a nose runs around the world. several influential egyptian newspapers and suspended publication to protest what many journalists see as restrictions on freedom of expression in a draft constitution adopted by islamic led panel. toda
but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those...
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pay our taxes to live here. essentially they can be u.s. citizens, go back to the country, never pay one dollar towards taxes, and then come back, reap the benefits, and we as u.s. citizens are paying for that. so, yes, some change has to be made. i don't know exactly if it's a change in the 14th amendment or some type of legislation. >> hmm. all right. rossana mitchell is with not in chino hills. thank you for talking with us. appreciate your time. >> thank you. >> still ahead this morning, you know you look at these dolphins, they're graceful, they're beautiful. but take a look at some pictures where a dolphin kind of turns on a small child. we'll show you that video straight ahead and then we'll see what your must-get gifts are this year. upload a photo of yourself or your loved one. you can submit your story graphic cnn.com/startingpoint. ♪ [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every
pay our taxes to live here. essentially they can be u.s. citizens, go back to the country, never pay one dollar towards taxes, and then come back, reap the benefits, and we as u.s. citizens are paying for that. so, yes, some change has to be made. i don't know exactly if it's a change in the 14th amendment or some type of legislation. >> hmm. all right. rossana mitchell is with not in chino hills. thank you for talking with us. appreciate your time. >> thank you. >> still...
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Nov 28, 2012
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that's how you can raise tax revenue without raising tax rates. although technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit those in the upper income, and that we're willing to look at those, and to make sure that what we do does bring in more revenue by robust economy. >> and it wouldn't be a violation of a sort of a marriage vow to grover norquist. he has said that violating his pledge is somehow akin to, you know, violating your marriage vows. you don't -- your deal is with your constituents, not with grover norquist? >> that's right. that's exactly right. >> i want to talk a little bit about the debt ceiling because this is coming into play here. grover norquist, again, has written
that's how you can raise tax revenue without raising tax rates. although technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit...
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Nov 29, 2012
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capital gains tax. and you even have me going, okay, so what is wrong with the party that believes in free enterprise, that believes in fair play, that believes in working-class americans being able to work hard and start their own businesses? and create their own new jobs and hire their own people? what's wrong with raising the capital gains tax from 15% to 20%? what's wrong with warren buffett's idea of having a minimum tax for the super rich of 30%? so people making the type of money warren buffett makes, the type of money that mitt romney makes, the type of money that bill gates makes. those people aren't paying 14% taxes when the rest of americans are carrying the full load. >> i think to your point about the party on this issue, absolutely. i think the party has a window now to come to the table in an honest way to be, again, the party of the middle class. more importantly, joe, to be the party of the poor, to make the argument of elevating people out of poverty into ownership through our tax syst
capital gains tax. and you even have me going, okay, so what is wrong with the party that believes in free enterprise, that believes in fair play, that believes in working-class americans being able to work hard and start their own businesses? and create their own new jobs and hire their own people? what's wrong with raising the capital gains tax from 15% to 20%? what's wrong with warren buffett's idea of having a minimum tax for the super rich of 30%? so people making the type of money warren...
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Dec 3, 2012
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he wants higher tax rates on wealthy americans. the republicans try to put some pressure on the democrats by laying out $600 billion in health savings, medicare and the like, adjust that cost of living increase for social security and other federal programs. the president's proposal puts pressure on republicans on rates. the republican proposal puts pressure on the president on entitlements and that cost of living adjustment. the question now is, do they negotiate or just posture? >> that's a good question. are you at all surprised that they're both negotiating in public with specific details of their respective plans instead of just doing this quietly behind the scenes, let their representatives go about a serious negotiation? >> there are some staff members on capitol hill who are circulating what they think will be ultimately where they have to -- as we get closer to christmas, sit down and cut out a deal. ip not surprised the republicans came forward with a public counterproposal because they thought the president was winning i
he wants higher tax rates on wealthy americans. the republicans try to put some pressure on the democrats by laying out $600 billion in health savings, medicare and the like, adjust that cost of living increase for social security and other federal programs. the president's proposal puts pressure on republicans on rates. the republican proposal puts pressure on the president on entitlements and that cost of living adjustment. the question now is, do they negotiate or just posture? >>...
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reform, spending cuts and new taxes? >> brianna keilar, thank you very much. >>> the grieving kansas city chiefs come together and pull out a win over the carolina panther, a day after police say their teammate, jovan belcher, shot and killed his 22-year-old girlfriend, kasandra perkins. a few minutes afterwards he turned the gun on himself outside the chiefs practice facility in front of his coaches and general manager. he and perkins leave behind a 3-month-old daughter. >>> major changes are come together manual psychiatrists use. over the weekend the american psychiatrist association voted to amend the diagnostic and statistical manual. for example, a child wit with asberger's syndrome. >> nasa officials will discover the curiosity's full away of analytical instruments during a news conference today in san francisco. the mars rover is searching for organic compounds, which are the building blocks of life. last week it was suggested that curiosity may have found simple organic molecules. >>> president obama recognized
reform, spending cuts and new taxes? >> brianna keilar, thank you very much. >>> the grieving kansas city chiefs come together and pull out a win over the carolina panther, a day after police say their teammate, jovan belcher, shot and killed his 22-year-old girlfriend, kasandra perkins. a few minutes afterwards he turned the gun on himself outside the chiefs practice facility in front of his coaches and general manager. he and perkins leave behind a 3-month-old daughter....
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this week - a few republican lawmakers suggested they might be never raise taxes. and some conservative that the house quickly pass democratic legislation extending the expiring tax cuts for incomes below $250,000. >> michael yaki is is here. >> and there were talking turkey, it -- about what they were talking about it was a don't call me, don't call you type of situation. >> a test to look like it lasted a long but the white house has reached an agreement. >> they have met with the senate and leadership with 146 trillitrillion one. -6 triln dollars in tax increases and also reductions for spending. the mortgage interest reduction is not on the table and 400 billion on on determined to cuts it is a framework for discussion. the president keeps on light of that there is a senate bill in the house that will stop the increases for people earning less than $250,000. >>catherine: what is your best guess on what is the final step to break through? >> there are still yelling, talking it will be difficult. on the other hand, i think there's there is a play that perhaps pre
this week - a few republican lawmakers suggested they might be never raise taxes. and some conservative that the house quickly pass democratic legislation extending the expiring tax cuts for incomes below $250,000. >> michael yaki is is here. >> and there were talking turkey, it -- about what they were talking about it was a don't call me, don't call you type of situation. >> a test to look like it lasted a long but the white house has reached an agreement. >> they have...
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Dec 1, 2012
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a flat tax will do that. and steve forbes, arthur laugher a number of people are going to be pushing that this week. you will see. that's a fair share. that's what we ought to do. the compromise will be on what we cut. good grief, in the house we cut 11% over the last two years of our own budget. we should be demand and our leadership hasn't done it yet. 11% cut across the board throughout the government. this president is not even talking about it. he is talking about increasing spending. >> do you like the president's -- i'm curious your take on the president's populist argument right now. is he out there on the campaign trail again trying to sell this to the american people. >> that's what he does do. is he campaigner in chief. that's what he does well. >> isn't he looking at those polls showing that the republicans have been beaten down. the polls show if this happens most of the american people would blame the republicans. >> but he has been so abusive as of yesterday. so arrogant in what his demands are
a flat tax will do that. and steve forbes, arthur laugher a number of people are going to be pushing that this week. you will see. that's a fair share. that's what we ought to do. the compromise will be on what we cut. good grief, in the house we cut 11% over the last two years of our own budget. we should be demand and our leadership hasn't done it yet. 11% cut across the board throughout the government. this president is not even talking about it. he is talking about increasing spending....
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so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the attack on the u.s. consulate in libya are answered. collins said if president obama nominates senator john kerry instead, he would have no trouble winning confirmation. >>> and breaking news out of new york. lindsay lohan has been arrested again, after a fight at a night
so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration...
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the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go
the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if...
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he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the governors of new jersey, new york and connecticut are teaming up to request almost $83 billion in federal help. >>> also on capitol hill, the senate has just passed its version of a defense bill. it's a $631 billion measure. it calls for a quicker withdrawal of u.s. troops from afghanistan and tougher sanctions on iran. it would also give military personnel a 1.7% raise. that vote was 98-0. unanimous. the senate and house must work out a compromise. >>> now we turn to egypt where tv stations are expected to go dark today in protest over the president's recent power grab
he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the...
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each of you taking home 60 cents before taxes. and that helps. what was the plan if you hit it big, how many would come back to work? how many of you would we have seen tomorrow night if you had won? >> i would not have been here. no way. >> no one stays on? >> i would be sleeping at this time. >> like normal people. exactly. very nice. what was the craziest thing you would have done with the money, the fun thing? your craziest thing? >> would have paid $40 to get it both ways. out in vegas. >> oh, no. >> oh, no. >>> welcome to "the mix," everybody. you know, it is the holiday season. everybody is worried what can you get me. it is nice to see stories of -- of true philanthropy, and people thinking outside of themselves. want to show you the photo kind of gone viral. it's of a new york police officer putting some boots on a homeless man right outside of times square. this officer, lawrence diprimo, had no idea a tourist from arizona was taking this photo. she posted it on the new york police department's official facebook page, late on tuesday. b
each of you taking home 60 cents before taxes. and that helps. what was the plan if you hit it big, how many would come back to work? how many of you would we have seen tomorrow night if you had won? >> i would not have been here. no way. >> no one stays on? >> i would be sleeping at this time. >> like normal people. exactly. very nice. what was the craziest thing you would have done with the money, the fun thing? your craziest thing? >> would have paid $40 to get...
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spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have slammed him for campaign-style politics that they say just won't get the job done. rob and sunny, back to you. >> can you really imagine that they're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a pr
spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but...
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, about who is going to pay what in taxes. but what has been so underreported and overlooked, which is why i'm so grateful to you for calling this out today for us, is the impact that sequestration cuts would have on our economy, but especially on that vital element of our economy which is our most vulnerable in our society, our children. they're our future. they are not just statistics, they are real people, little people who cannot wait for services because their bodies will change, their minds will be stunted, they will lose out if we -- if we withhold support for them. and i speak from my many years of being a nurse, as you described, and being a nurse in our public sector in our public schools and a public health nurse and i've seen firsthand what happens when we cut services to our children. we need to be investing in our children because they are our economic engine for tomorrow, and we cannot afford to leave one of them behind. we therefore cannot afford to slash the programs, the very programs that will give them the
, about who is going to pay what in taxes. but what has been so underreported and overlooked, which is why i'm so grateful to you for calling this out today for us, is the impact that sequestration cuts would have on our economy, but especially on that vital element of our economy which is our most vulnerable in our society, our children. they're our future. they are not just statistics, they are real people, little people who cannot wait for services because their bodies will change, their...
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making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up his cabinet, he took time out of wednesday's cabinet meeting to defend the woman who could be his next secretary of state. >> susan rice is extraordinary. couldn't be prouder of the job that she's done. >> reporter: following that vote of confidence for rice, the outgoing secretary of state., hillary clinton, also spoke out. >> susan rice has done a great job as our ambassador to the united nations. >> reporter: still, rice had to spend another day on capitol hill discussing benghazi with skeptical senate republicans. >> and realize that all of us here hold the secre
making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets...
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we move forward. >> releasing videos from middle-class supporters, showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from the paycheck it will impact my family. >> reporter: while those for wealthier americans are allowed to expire. >> we will not solve it by creating villains. and drumming up outrage. >> reporter: republicans slammed for the president for outsourcing negotiations to treasury secretary tim geithner and members of his administration. >> rather than sitting down with lawmakers of both parties and working out an agreement he is back on the campaign trail. presumably with the same old talking points we are quite familiar with. >> reporter: jake tapper, abc news, new york. >> interesting. but i think what you see, too, the president gave an interview several months ago what was the one mistake in your first term. his response, i didn't tell the american people the story. i didn't involve, put a human face enough on the problem. so i think what he is trying to do here. saw with the folks, the press conference a few weeks ago, people line
we move forward. >> releasing videos from middle-class supporters, showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from the paycheck it will impact my family. >> reporter: while those for wealthier americans are allowed to expire. >> we will not solve it by creating villains. and drumming up outrage. >> reporter: republicans slammed for the president for outsourcing negotiations to treasury secretary tim geithner and members...